Oireachtas Joint and Select Committees
Thursday, 9 November 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2017: Committee Stage (Resumed)
10:00 am
Martin Kenny (Sligo-Leitrim, Sinn Fein) | Oireachtas source
Time is of the essence. The sooner this is sorted out and something is clearly put in place in which people can have confidence, the better, as it is really what is necessary. The impression we got from the Minister of State, Deputy D'Arcy, was that he would come back with something sometime. It needs to be something very solid very fast. That is really the issue.
I have another point which I referred to when I spoke on amendment No. 66, which refers to agricultural land sales. It is suggested that €32 million will be lost as a result of reducing the proposed 6% tax to 2%, which suggests that there is €800 million in land sales. I am asking the question again. Does the figure of €32 million include land other than agricultural land, for example, sites, development land, and all of that? If it does, it is a considerably smaller figure we are talking bout if the amendment is passed.
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